Amortization Schedule

Amount of Loan
Annual Interest Rate (in percent)
Length of Loan (in months)

Total Payments
$11,499.64
Total Interest
$1,499.64
Number of Monthly Payments
4
Monthly Payment
$2,874.91
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$10,000.00$583.33$2,291.58$7,708.42$583.33$2,874.91
2$7,708.42$449.66$2,425.25$5,283.17$1,032.99$5,749.82
3$5,283.17$308.19$2,566.72$2,716.45$1,341.18$8,624.73
4$2,716.45$158.46$2,716.45$0.00$1,499.64$11,499.64